What to take from this Reason article wherein we find that millenials are deeply cynical about government, believe it to be bloated and inefficient, and would like to see it spend less money while at the same time wanting access to free health care and a guaranteed “living wage?” Probably nothing earth-shatteringly huge, except that as long as someone else is footing the bill, we all want all of the “free” services that we can get.
“Would you like a Ferrari?”
“Would you like a Ferrari even if it means that you’ll have to pay for it, heavily, for the rest of your life.”
“Well, when you ask that way…”
But when you’re convinced that someone else always owes more taxes (a misguided sense of “fairness”), then there is always someone else to pick up the tab. The conversation about green energy is similar.
“Would you like all energy to be generated through clean, renewable sources?”
“Would you like all energy to be generated through clean, renewable sources even if it doubles your current energy bill?”
“Well, when you ask it that way…”
Of course, this ignores all sorts of subsidies and market-distorting realities that mean few of us know the actual cost of most of the staples in our lives (farm subsidies, energy subsidies, unequal tax and regulatory burdens on a variety of industries…) so what we actually pay for our energy, food, medical care, and Ferraris is anything but transparent. While transparency would be nice, what we have is such distortion that our supposedly free market is more like a pool where some bits are a tad murky and others are utterly opaque.
But here’s the thing: when it comes to politics, we usually stop at that first question and answer set. We rarely step back to truly understand the cost of our legislation and our expectations. Why would we imagine folks would make rational choices when they aren’t actually given enough information (or that information is so obscured as to be indecipherable) to choose rationally?
Firstly, our friend, Steve Green, is pointing out some of what I was mentioning below and then goes a few thoughts deeper on the subject in The Week the Wheels Came Off Obamacare.
The pols and pundits can argue and fingerpoint until they’re blue in the — finger? — but Obamacare’s numbers paint a bleak picture of broken promises and outright lies. After a full month, nearly 40,000 people have successfully signed up for health insurance at HealthCare.gov, out of an administration goal of over seven million by the end of March. At that rate, the administration will have met its goal sometime in the autumn — of 2028.
Mind you, the goal of Obamacare was to provide coverage for some 47,000,000 uninsured Americans. So take those 15 years and multiply them by about seven. You’re gonna need a bigger calculator.
Ignored in those dreary statistics is the fact that people are being dumped out of their current coverage and onto the nonfunctional exchanges faster than the exchanges can handle them. An estimated 1,500,000 have lost their coverage, up against those newly insured 40,000. The best guess is that seven or eight million more face the same fate.
And that’s just the first few paragraphs.
This little article dives into the numbers in Kentucky— and it’s dismal.
These notes serve to reinforce my belief that when the numbers start turning positive, the “newly covered” are going to be nothing of the sort. Folks stripped of coverage by government mandate will be the first, largest influx of Obamacare enrollees.
…is that our “not quite good enough job growth” has been downgraded to “nowhere near replacement level job growth.”
Well. That sucks.
Read the original.
Between December of 2012 and February of 2013, 699,000 jobs were created; for an average of 233,000. Between March and May of 2013, however, the economy created only 466,000 jobs; for an average of 155,000 jobs.
There was no good to be found in today’s job report. It was a blunt reminder that our nation is continuing to drift through an economy unmoored by continued uncertainty and growing unemployment. The ragged appearance of a drop in unemployment is, of course, a lie; while the economy added some 88,000 jobs, the loss of nearly half a million workers who simply abandoned the idea of finding work.
They gave up hope.
In March, 496,000 people took themselves out of the labor force altogether, meaning they stopped searching for work.
When unemployed people quit looking for jobs it can lower the jobless rate. But for all the wrong reasons. Hiring was weak in March. The 88,000 jobs employers added aren’t even enough to keep up with population growth.
So that March drop in the unemployment rate to 7.6 percent likely has more to do with frustrated job seekers giving up than employers buying into the economic recovery.
It is important to note that this is not new. This is not something that simply happened this month or something as a reaction to recent political events: no, this is the continuation of the bleeding. The job participation rate (which you can also see at the linked article) has been falling with regularity for the last decade and most precipitously over the last five years or so.
No, our problems are deeper than any recent political failures and our current leadership has show precisely no capability of conceiving of a plan to solve those problems.Read the original.
Have you heard the news? President Obama has declared April to be National Financial Capability Month with a key goal of teaching young Americans how to budget responsibly.
Together, we can prepare young people to tackle financial challenges — from learning how to budget responsibly to saving for college, starting a business, or opening a retirement account.Financial capability also means helping people avoid scams and demand fair treatment when they take out a mortgage, use a credit card, or apply for a student loan. My Administration continues to encourage responsibility at all levels of our financial system by cracking down on deceptive practices and ensuring that consumers are informed of their rights.